Quantinno Capital Management LP Buys 673 Shares of RH (NYSE:RH)

Quantinno Capital Management LP lifted its position in RH (NYSE:RH) by 58.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,825 shares of the company’s stock after purchasing an additional 673 shares during the period. Quantinno Capital Management LP’s holdings in RH were worth $610,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in RH. Texas Permanent School Fund Corp grew its position in shares of RH by 25.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after buying an additional 3,387 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in RH in the third quarter valued at $3,251,000. Cerity Partners LLC boosted its holdings in RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after acquiring an additional 1,506 shares in the last quarter. BlackBarn Capital Partners LP increased its position in RH by 156.8% during the 2nd quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock valued at $10,671,000 after purchasing an additional 26,655 shares during the period. Finally, Ieq Capital LLC raised its holdings in RH by 18.4% in the 2nd quarter. Ieq Capital LLC now owns 9,711 shares of the company’s stock worth $2,374,000 after purchasing an additional 1,512 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the sale, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. This represents a 15.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the sale, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. The trade was a 98.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is owned by insiders.

RH Stock Up 17.0 %

NYSE:RH opened at $446.04 on Friday. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 262.38, a PEG ratio of 2.44 and a beta of 2.44. The company’s 50 day moving average price is $347.81 and its 200-day moving average price is $297.56.

RH (NYSE:RH) last posted its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.42) EPS. As a group, sell-side analysts anticipate that RH will post 5.63 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on RH shares. Robert W. Baird boosted their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday. StockNews.com upgraded RH from a “sell” rating to a “hold” rating in a report on Friday. Wells Fargo & Company raised their target price on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday. Guggenheim upped their price target on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. lowered their price objective on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $377.07.

RH Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.